Women struggling to reach senior executive roles in top US firms

Women struggling to reach senior executive roles in top US firms 0

US female executiveProgress for women in reaching the executive ranks within the UK’s FTSE 100 is too slow and the picture is less than inspiring on the other side of the Atlantic. A new analysis by Korn Ferry of the top 1,000 US companies by revenue finds the percentage of women in most executive positions is dramatically lower than their male counterparts. Across the most prominent executive job titles and several industries (consumer, energy, financial, life sciences, industrial, technology) an average of less than one quarter (24 percent) of the top leaders are women. The most senior post is held by the smallest percentage of women, with only 5 percent serving as CEO; 12 percent of CFO’s (Chief Financial Officer) are women; and 19 percent of women holding the CIO (Chief Information Officer) role across all industries. The CHRO (Chief Human Resources Officer) role is the only one where there is gender parity, with 55 percent of CHROs across industries being women.

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Brexit leads to ‘softening’ of employment market, claims CIPD survey

Brexit leads to ‘softening’ of employment market, claims CIPD survey 0

BrexitThe UK’s decision to leave the EU has resulted in a softening in hiring intentions and businesses should invest in skills immediately, according to the latest CIPD/Adecco Group UK & Ireland Labour Market Outlook. The report is based on employer sentiment in the two weeks before and after the EU Referendum and claims that employers surveyed ahead of the vote were somewhat more optimistic about hiring intentions than those surveyed afterwards. It suggests that the proportion of employers expecting to increase staffing levels over the next three months dropped from 40 percent pre-Brexit to 36 percent following the vote. The net employment balance, based on the difference between the share of employers expanding their workforce and those reducing it, dropped from +21 pre-Brexit to +17 post-Brexit. However, the fall was significantly sharper among private sector employers, with the post-Brexit employment balance declining to +25 from +39.

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Disabled workers continue to face barriers in the workplace

Disabled workers continue to face barriers in the workplace 0

disabled workersA series of reports published in the past few days highlight the challenges faced by Britain’s disabled workers. The studies claim separately that disabled workers are keen to work but are less likely to be in employment and may be hiding disabilities from employers, are paid less when they are in work and that many employers do not feel they are well equipped to deal with the needs of disabled staff. The first study from Reed in Partnership and Disability Rights UK found that one in ten employers do not feel able to support a disabled employee. Meanwhile research from the Equality and Human Rights Commission (EHRC) found that employees who experience mental ill-health earn up to 42 per cent less than colleagues. A third report from Citizen’s Advice found that 40 percent of disabled people would like to work but can’t find a job. And finally a report from RIDI claims that many people applying for jobs may be hiding their disability from employers.

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The solution to closing the digital skills gap starts at home

The solution to closing the digital skills gap starts at home 0

Digital skillsMuch has already been written about the UK’s digital skills gap, and undoubtedly as the Government continues to develop and roll out its Digital Strategy for the nation, many more headlines will be devoted to it. For a country so focused on technological development it’s a problem which is both acute and imperative. Recent Government figures put 12.6 million Britons at risk of being left behind in terms of the skills needed for a modern economy. Parliamentary plans to address this issue focus firmly on education: including digital development as a key part of apprenticeships, encouraging vocational digital skills courses at universities, and broadening access to other educational courses to help people to learn to code. However, responsibility to upskill the nation’s workforce also resides with employers. Whether the current role demands IT skills or not, technology increasingly impacts and transforms every element of our lives.

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Low take up for shared parental leave raises questions over demand

Low take up for shared parental leave raises questions over demand 0

Parental leaveNew research questions how much demand exists in the UK for fathers to take shared parental leave. The first available figures reveals a low take-up of new rights to paid leave, as just 3,000 new parents took advantage of the system in the first three months of 2016 – one year on from its introduction. By contrast, approximately 52,000 fathers and 155,000 mothers took paternity and maternity leave in an equivalent time period in 2013/14. The figures were published as a result of a freedom of information request from law firm EMW who suggest that this shows that the new rules are being significantly under-utilised and policymakers need to give more consideration to what benefits future changes to employment law will actually deliver versus the impact on small businesses which have to implement them. The new Shared Parental Leave system allows parents to share paid time off between them, in place of (and at the same rate as) Statutory Maternity Pay.

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Time to address ‘shocking disconnect’ between boardroom and staff pay

Time to address ‘shocking disconnect’ between boardroom and staff pay 0

Executive payAs the new prime minister Theresa May has already indicated in her tenure, the growing gap between rewards for those at the top of organisations and everyone else is hard to justify at a time when economic uncertainty is intense and corporate performance mixed. So it’s shocking to learn that the average FTSE 100 CEO earns 129 times more than the firm’s employees, receiving around £5.5 million a year, up from £4.96 million in 2014. According to the annual survey of FTSE100 CEO remuneration packages by the High Pay Centre, rewards at the top continue to grow at a double digit rate, with the most highly paid being part of an all-boys club. No woman has made it into the top ten in either of the last two years. And in contrast to the generous packages awarded to their executives, only a quarter of the 100 FTSE 100 companies are accredited by the Living Wage Foundation for paying the living wage to all their UK-based staff.

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Watercooler moments are the key to workplace wellness claims study

Watercooler moments are the key to workplace wellness claims study 0

Water for wellness

The skills people require to perform at their optimum throughout the working day, such as patience, focus and diplomacy can be fuelled by the food they’ve eaten; while ‘the wrong kind of fuel can derail their whole day,’ a new academic report has found. And the study in the journal Food, Culture & Society: An International Journal of Multidisciplinary Research reveals that water is the main redeemer of ‘negative nutrition’ in the workplace; not only because it provides vital hydration for physical wellness but because it encourages people to walk to the watercooler or break out area to drink. According to the researchers, a culture of grabbing something quick to eat amid a mounting pile of to-dos at work often leads to making the wrong decisions when searching for something to eat in the workplace. Unplanned cakes and the emergence of ‘food altars’; central places for leftovers from work meetings or unhealthy snacks present workers with endless choice.

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HR analytics has the potential to stem the silver brain drain

HR analytics has the potential to stem the silver brain drain 0

mult generational workplaceWe’re operating in an increasingly tech-centric environment, but human talent still remains one of the core differentiators if a business is to thrive. Not surprisingly, the mission to get the very best people on board and optimise the potential of those already in situ has become the Holy Grail for many companies, irrespective of scale and sector – a challenge that demands a more intuitive and precise, even scientific approach to human capital management. Data analytics is a case in point, designed to extrapolate insight from intelligence across a variety of disparate sources and establish actionable intelligence, capabilities which naturally lend themselves to powering key decisions around hiring and retention and building on existing talent. Yet despite the proliferation of analytics across many strands of the workplace, take up in the HR sphere remains relatively modest, in tandem with a long-held reticence over the use of the technology in this area.

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Connectivity creep + Appeal of open plan + Tech and real estate

Connectivity creep + Appeal of open plan + Tech and real estate 0

Insight_twitter_logo_2In this week’s Newsletter; Antony Slumbers looks at the impact of technology on corporate real estate; and Mark Eltringham describes a precursor of the scientific management theories of Frederick Taylor that continues to influence open plan design. We report on the impact Smart Cities can have on energy management; why people are opting for a ‘digital detox’; and how workers are turning their backs on the traditional 9-5 day. A new report says CRE must deliver greater value in a dynamic business environment; one in five workers miss sleep over work worries; and despite hitting an all time  high, Brexit uncertainty still permeates the UK’s commercial property market. We also list the seven workplace stories you should read this week. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Lack of perks leaves workers feeling less trusted and appreciated

Lack of perks leaves workers feeling less trusted and appreciated 0

Perks of the job

Businesses are failing to provide the perks that can help employee productivity and motivation during the summer months, claims a new survey by Peldon Rose. It also suggests that workers feel less trusted and appreciated by their companies. The report argues that during the summer months, businesses can find motivation slows as employees are distracted by seasonal events and count down the days until their holiday. Those companies found to offer summer perks to help boost morale and wellbeing, summer hours (47 percent), casual dress (37 percent) and ice cream rounds (31 percent) were the most popular, indicating that these benefits are the most highly valued by workers. However, 86 percent of respondents said that their company does not offer any such perks, with the result that many employers are missing an opportunity to make employees feel appreciated and boost happiness and morale in the summer months.

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Office workers spend half their average week working remotely

Office workers spend half their average week working remotely 0

Remote Working increasesNew research suggests that UK workers are overwhelmingly turning their back on the standard 9-5 office life with 72 percent agreeing that it’s not relevant for the 21st century. Working remotely and flexibly makes them more effective in their job said 82 percent of respondents to the TeamViewer report ‘The End of Nine-to-Five’ with 73 percent agreeing that having the ability to work flexibly makes them feel more valued and 82 percent that all employees should be offered flexible working hours without it affecting their career. With 79 percent of people rating work-life balance as more important than salary, the report suggests it is critical for businesses to ensure they are offering more than just monetary incentives, as almost half (49 percent) say that flexible working hours would be the most important factor to them when looking for a new job. According to the survey, UK office workers are already spending on average 2.5 days, half of their week, working remotely.

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Employers doing little to alleviate employees’ job fears over Brexit

Employers doing little to alleviate employees’ job fears over Brexit 0

Brexit job fears

A majority of employers won’t delay hiring for roles (54 percent) due to Brexit, yet nearly half (48 percent) of jobseekers are concerned about finding a job post the Referendum, new research claims. The survey of both employers and candidates conducted by totaljobs following the EU Referendum, reveals that 44 percent of all candidates believe there will be more competition for jobs following the Brexit vote, while 28 percent say that Brexit has already had an impact on their job search. Nearly a fifth (19 percent) have become less selective about the jobs they apply for, compared with 16 percent who are now more selective. Of those currently employed, 34 percent are worried about their job security as a result of Brexit, whilst half (52 percent) are not concerned. Unfortunately, many employers have not yet taken steps to ease employees’ concerns, as almost three-quarters (72 percent) of employees say they have not been spoken to by their employer about the impact of Brexit.

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